Mike Wheatley
Latest from Mike Wheatley
SambaNova Systems unveils deep learning platform purpose-built for financial services firms
The heavily funded and previously somewhat secretive artificial intelligence startup SambaNova Systems Inc. announced today what it says is the first AI platform that’s purpose-built for the financial services industry. The SambaNova GPT Banking service is designed to enable banks to jump start their AI capabilities in as little as a few days or weeks ...
Despite earnings and revenue beat, Rackspace’s stock sinks on weak outlook
Cloud computing services firm Rackspace Technology Inc. took a beating in extended trading today, its stock down more than 15% on weaker-than-expected guidance for the coming quarter and full year. That followed solid fourth-quarter financial results that beat expectations on earnings and revenue. Rackspace reported a profit before certain costs such as stock compensation of 25 ...
RingCentral closes on strong year with fourth-quarter earnings beat
Cloud communications pioneer RingCentral Inc. closed its fiscal 2021 year with a flourish, posting strong fourth-quarter results that beat expectations on earnings and issuing a fairly bullish outlook for the quarter and year ahead. The company announced a net loss of $118.3 million, with earnings before certain costs such as stock compensation coming to 39 ...
Business automation software firm Appian delivers strong earnings beat, sending stock up
Business process automation firm Appian Corp. made strong gains today, its stock rising more than 12% in after-hours trading following a solid earnings and revenue beat. The company reported a fourth-quarter net loss of $25.8 million, compared with a net loss of $9.6 million a year ago. The company’s loss before certain costs such as ...
Dropbox delivers strong earnings and first full year of profitability
Cloud file storage pioneer Dropbox Inc. today posted fourth-quarter financial results that topped Wall Street’s expectations, but it wasn’t enough to prevent its stock from falling slightly in extended trading. The company reported net income for the quarter of $124.6 million, a big improvement from the $345.8 million loss it posted in the same period ...
Post-subscription SaaS billing startup Subskribe launches with $18.4M in funding
Software-as-a-service billing startup Subskribe exited stealth mode today, armed with $18.4 million through its initial seed and Series A funding rounds and what it says is the world’s first adaptive quoting and billing platform for modern SaaS companies. The Series A round was led by 8VC, while Slow Ventures led the seed round. Senior executives ...
Subterranean mapping startup Exodigo launches with $29M in seed funding
Self-styled “nonintrusive subsurface mapping” platform provider Exodigo Ltd. is launching today after closing on a fairly hefty $29 million seed funding round. Zeev Ventures and 10D Ventures led the round, with participation from SquarePeg Capital, JIBE Ventures, Tidhar Construction Ltd., Israel Canada Group and WXG Ltd. With today’s launch, Exodigo announced the commercial availability of ...
Pegasystems’ stock falls as it misses earnings and revenue targets
Business process management software firm Pegasystems Inc. saw its stock fall in after-hours trading today after posting fourth-quarter results that missed Wall Street’s expectations. The company reported a net loss of $37.2 million in the quarter. Earnings before certain costs such as stock compensation came to 4 cents per share, while its revenue rose 6% ...
Informatica delivers mixed results in its first post-IPO earnings report
The enterprise data management firm Informatica LLC delivered mixed results today in its first earnings report since returning to the public markets in October, sending its stock down almost 6% in extended trading. The company reported earnings before certain costs such as stock compensation of 20 cents per share on revenue of $406.7 million, up ...
Nvidia delivers strong fourth-quarter results in wake of Arm deal collapse
Computer graphics chipmaker Nvidia Corp. reported strong fourth-quarter results today, beating expectations one week after its bid to acquire rival Arm Ltd. for $66 billion fell through. The company reported net income of $3 billion, or $1.18 a share, with earnings before certain costs such as stock compensation of $1.32 per share. Revenue for the quarter ...
